Gold Prices Ease, Silver Hits Record As Traders Await Fed Cut

Benzinga

Gold dipped as traders awaited the Fed’s rate call, while silver hit fresh records on tight supply and industrial demand. Analysts say physical shortages and trend-driven buying are sustaining silver’s surge, even as yields pressure gold.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Gold prices slipped on Wednesday as traders waited for the Federal Reserve's rate decision

00:07and guidance on future policy, while silver extended its surge to fresh records, according

00:12to CNBC. Spot gold fell 0.4% to $4,193.60 per ounce, and February futures dipped 0.3%

00:24to $4,221.60. Silver rose 0.7% to $61.11 after touching an all-time high of $61.61, supported

00:36by rising industrial demand, shrinking inventories, and its U.S. critical mineral designation.

00:43Julius Baer analyst Karsten Menka said silver's rise above $60 drew in short-term speculators

00:48and trend followers and signaled ongoing physical tightness in the market.

00:51Markets expect the Fed to announce a rate cut on Wednesday, while higher Treasury yields

00:56continue to weigh on prices. RBC Capital Markets lifted long-term gold forecasts to $4,600 in

01:032026 and $5,100 in 2027 due to geopolitical risks, softer monetary policy, and ongoing budget

01:11deficits.

01:11For all things money, visit Benzinga.com.

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